Editor’s Picks
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Asia
India’s GOL Offshore shut down
India’s GOL Offshore has finally been put out of its misery, and has been shut down after lenders failed to…
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Containers
Alphaliner predicts idled box fleet to more than double by end of the year
Box watchers at Alphaliner are predicting the idle container fleet will more than double between now and the end of…
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Europe
Maersk shares rally despite profit warning
Investors surprised the market yesterday, backing Denmark’s largest shipping group despite a profit warning. Shares in AP Moller-Maersk rose as…
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Middle East
DP World acquires Unifeeder for $764m in new chapter for containerisation
The global container shipping industry today experienced its next phase of consolidation with a leading Middle Eastern terminal operator snapping…
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Americas
Harvey Gulf makes late move for GulfMark Offshore
GulfMark Offshore has received an unsolicited proposal from Harvey Gulf to combine the two companies, just weeks after GulfMark had…
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Americas
Trafigura applies to build the Texas Gulf’s first VLCC terminal
Trafigura, the commodities giant, has applied to build a deepwater port in the US, potentially giving the Texas Gulf its…
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Europe
Maritime UK makes the case for extending the timeframe of the UK’s departure from the EU
Lobby group Maritime UK has urged the British government and European Union to extend the Article 50 process if a…
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Contributions
Live Animal Export: As one DAWR opens, another Daw closes
Dr Lynn Simpson looks at what has happened to the Australian livestock export trades since April’s dramatic 60 Minutes exposé…
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Greater China
TEU tokens used on landmark MCC voyage
Progress has been made with 300cubits, the Hong Kong-based container blockchain initiative, which has been marketing its crypto currency called…
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Europe
Prosafe agreement with Cosco sees major financial transformation
Cyprus-headquartered accomodation vessel owner Prosafe has reached an agreement with Cosco allowing for the flexible delivery of three previously stalled…
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Greater China
Cosco outlines ‘dual-brand strategy’ for OOCL
Fresh from sealing the $6.3bn takeover of Hong Kong containerline OOCL last week Cosco has issued a Q&A on its…
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Dry Cargo
FFA trading has more than halved since the collapse of Lehman Brothers
Analysts at Alphabulk are reporting that capesize FFAs have seen their weakest six months of trading in five years, with…
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Offshore
FPSO order potential totals $25bn through 2020: Clarksons
A new review of the FPSO (including FLNG) market has just been published from Clarksons Research, which contains some bullish…
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Bunkering
As fuel contamination issues spike IBIA makes the case for more consistent testing
Following a spate of fuel contamination reports across the world from Singapore to the US Gulf in recent months the…
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Asia
MOL to trial auto berthing
A group of Japanese organisations including shipping major Mitsui OSK Lines (MOL) are pushing ahead with a project to develop…
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Greater China
Taiwan’s top lines plan feeder frenzy
Taiwan’s top three containerlines – Evergreen, Yang Ming and Wan Hai – are close to contracting for up to 50…
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Tankers
VLCC newbuilding prices jump 8.4% this year
Newbuild prices for bulkers, tankers, boxships and gas carriers have climbed significantly in the first seven months of the year…
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Gas
Clarksons predicts LNG trade will grow 11% this year
Clarksons Research is bullish on LNG prospects. The research unit of the world’s largest shipbroker has just published a report…
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Americas
Vale opts for scrubbers on VLOC newbuilds
Brazilian miner Vale has decided to install scrubbers on 48 VLOC newbuildings under construction across a number of shipyards in…
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Europe
Clarksons reveals more details of last year’s data breach
Shipbroker Clarksons has provided more details via a release about the cyber attack it uncovered last November. On November 7…
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